Morgan Stanley Has Lowered Expectations for ONE Gas (NYSE:OGS) Stock Price

ONE Gas (NYSE:OGS) had its target price cut by Morgan Stanley from $82.00 to $79.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 5.35% from the company’s previous close.

A number of other brokerages have also commented on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a report on Thursday, August 13th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective for the company in a report on Thursday, August 6th. Capital One Financial set a $93.00 target price on ONE Gas in a research report on Friday, June 12th. Truist Financial reduced their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.95.

ONE Gas Stock Performance

Shares of OGS traded down $1.25 during mid-day trading on Friday, reaching $74.98. The company’s stock had a trading volume of 220,220 shares, compared to its average volume of 540,107. ONE Gas has a 1-year low of $74.65 and a 1-year high of $90.78. The stock has a market cap of $4.71 billion, a P/E ratio of 16.16, a PEG ratio of 2.10 and a beta of 0.67. The business has a 50-day simple moving average of $79.46 and a two-hundred day simple moving average of $81.99. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. ONE Gas’s revenue for the quarter was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts anticipate that ONE Gas will post 4.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OGS. Bessemer Group Inc. grew its holdings in shares of ONE Gas by 61.0% in the first quarter. Bessemer Group Inc. now owns 549 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 208 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in ONE Gas by 495.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 466 shares during the last quarter. State of Wyoming bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $60,000. EverSource Wealth Advisors LLC increased its position in shares of ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of ONE Gas by 219.3% in the 2nd quarter. Versant Capital Management Inc now owns 878 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 603 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

About ONE Gas